Walter, Terry S.; Yawson, Alfred; Yeung, Charles P.W. - In: Pacific-Basin Finance Journal 16 (2008) 4, pp. 341-369
We examine the pricing and performance of advisers in M&A transactions. We determine adviser quality on the basis of a contemporaneous market share measure and show that high quality advisers receive higher M&A advisory fees. High quality advisers also complete deals faster, but their...